JCP News and Press, J.C. Penney Company Inc. From 05/18/20

Declaring Chapter 11 bankruptcy after devastating sales losses to COVID-19 deepened its already existing troubles, department store chain J.C. Penney (NYSE: JCP) says it intends to close a greater number of stores than it originally meant to. The total permanent closures are now expected t...

On May 15th, 2020, JC Penney filed for voluntary bankruptcy (case 20-20182). On Saturday, May 16th, "first day hearings" were held with the purpose of ensuring that JC Penney ( JCP ) can continue to operate, protected from creditors, but also to begin the planning of the process of restructu...

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The latest word from the J.C. Penney (NYSE: JCP ) bankruptcy is that the company plans to trim its store count by 29% to about 604 locations. More news on: J. C. Penney Company, Inc., Consumer stocks news, Read more ...

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J.C. Penney Company ( JCP ) finally filed for Ch.11 bankruptcy on May 15 in Texas. Under the Restructuring Support Agreement current JCP shareholders are getting nothing. May 15 was end of the 30-day grace period used after the company did not pay interest on some notes due April 15. Under the...

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Image: My great-grandfather (second from left) and his buddies in the 88th Division of the United States Army during World War I, at the time of the Spanish flu pandemic of 1918-1919. He would serve under Major General William Weigel, become proficient in the 37mm gun, and take part in the...

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J.C. Penney (NYSE: JCP ) received bankruptcy court approval of its "first day" motions , paving the way for continued operations as it looks to reorganize. More news on: J. C. Penney Company, Inc., Consumer stocks news, Read more ...